Mahamaya Steel Industries Ltd

Mahamaya Steel Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Mahamaya Steel Industries Ltd

₹ 222 0.35%
22 Nov - close price
mahamayagroup.in BSE: 513554 NSE: MAHASTEEL
About

Incorporated in 1988, Mahamaya Steel Industries Ltd does manufacturing steel structures in the shape of Angles, Beams, Joist, Channels, Rounds, Flats, Railway sleepers, etc.[1]

Key Points

Business Overview:[1][2]
MSIL is an ISO 9001:2015 and ISO 14001:2015 certified company. It runs a heavy steel structural mill, Steel Melting Shop and Gas plant at Raipur. Company manufactures heavy and light steel structures such as strips, joists, beams, channels, girders, and railway sleeper bars, flats in various ranges for the construction, automobile, railway, and power industries. It has high capacity structural rolling mills with full fledged supportive SMS and one of the very few in India which manufactures 600 MM joist and 250 MM angles

Website BSE NSE - BE
  • Market Cap ₹ 365 Cr.
  • Current Price ₹ 222
  • High / Low ₹ 232 / 76.0
  • Stock P/E 101
  • Book Value ₹ 86.6
  • Dividend Yield 0.00 %
  • ROCE 7.04 %
  • ROE 4.24 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 2.57 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 4.02% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Steel Industry: Steel - Medium / Small

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
124.99 137.33 141.82 144.79 164.16 152.44 188.38 220.20 185.77 180.24 197.62 211.03 154.74
121.50 132.98 137.91 141.13 161.18 148.50 185.16 215.77 181.63 175.81 194.30 207.00 151.81
Operating Profit 3.49 4.35 3.91 3.66 2.98 3.94 3.22 4.43 4.14 4.43 3.32 4.03 2.93
OPM % 2.79% 3.17% 2.76% 2.53% 1.82% 2.58% 1.71% 2.01% 2.23% 2.46% 1.68% 1.91% 1.89%
0.03 1.01 1.14 0.02 1.01 0.69 1.26 0.81 0.56 1.54 1.58 0.13 0.43
Interest 0.98 1.35 1.17 0.56 0.50 0.80 1.34 1.42 0.95 1.51 1.27 1.08 1.00
Depreciation 1.48 1.52 1.52 1.53 1.62 1.67 1.47 1.73 1.76 1.77 1.74 1.88 1.92
Profit before tax 1.06 2.49 2.36 1.59 1.87 2.16 1.67 2.09 1.99 2.69 1.89 1.20 0.44
Tax % 34.91% 20.08% 26.27% 28.30% 26.20% 20.83% 27.54% 20.57% 22.11% 22.30% 24.87% 26.67% 50.00%
0.70 1.98 1.75 1.14 1.38 1.71 1.22 1.66 1.55 2.08 1.43 0.87 0.23
EPS in Rs 0.47 1.34 1.06 0.69 0.84 1.04 0.74 1.01 0.94 1.27 0.87 0.53 0.14
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
317 254 297 465 358 251 495 650 784 744
316 238 276 443 343 238 480 636 768 729
Operating Profit 1 16 21 22 15 13 15 14 16 15
OPM % 0% 6% 7% 5% 4% 5% 3% 2% 2% 2%
3 2 2 2 1 1 2 3 4 4
Interest 9 11 12 11 9 6 5 3 5 5
Depreciation 7 6 7 6 6 6 6 6 7 7
Profit before tax -12 1 4 7 0 2 7 7 9 6
Tax % 27% -63% 44% 16% -505% 45% 27% 25% 22%
-15 1 2 6 2 1 5 5 7 5
EPS in Rs -11.24 0.91 1.74 4.32 1.78 0.60 2.98 3.31 4.09 2.81
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 46%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: 0%
3 Years: 91%
TTM: -41%
Stock Price CAGR
10 Years: 22%
5 Years: 8%
3 Years: 38%
1 Year: 190%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 4%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 14 14 14 14 14 15 16 16 16 16
Reserves 68 74 76 82 85 97 112 118 125 126
103 94 101 101 79 81 45 43 41 34
30 29 40 41 34 32 31 47 51 44
Total Liabilities 214 211 231 238 211 224 205 225 233 220
69 74 69 66 63 61 60 65 69 70
CWIP 2 -0 -0 -0 -0 -0 -0 -0 -0 -0
Investments 33 32 32 32 31 31 31 30 26 26
110 105 131 140 117 133 115 130 139 124
Total Assets 214 211 231 238 211 224 205 225 233 220

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
25 13 3 18 35 -4 44 2 14
-16 2 1 -7 -3 1 -5 -11 -6
-10 -16 -4 -11 -31 5 -26 -5 -8
Net Cash Flow -1 -0 1 -1 1 2 13 -15 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 49 39 29 14 17 29 16 10 7
Inventory Days 56 81 94 83 86 130 42 55 49
Days Payable 10 3 34 19 24 28 5 12 8
Cash Conversion Cycle 94 116 89 78 79 131 52 52 48
Working Capital Days 74 92 101 68 69 130 41 37 31
ROCE % 5% 8% 9% 5% 4% 6% 6% 7%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41% 73.41%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.00% 0.11% 1.01%
29.58% 26.59% 26.59% 26.58% 26.59% 26.59% 26.59% 26.58% 26.54% 26.59% 26.49% 25.59%
No. of Shareholders 8,6808,9669,0889,1479,2169,2168,8788,8809,34410,63610,2538,183

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Oct 2016
    Transcript
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